Question

The Government of India has entered into Memorandum of understanding (MoU) with many public sector enterprises with a view that these enterprises operate successfully and achieve their objectives. Define Memorandum of understanding and its implications for working of these enterprises

Answer 1

Answer:

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Answer 2

Answer:

A memorandum of understanding is a document that describes the broad outlines of an agreement that two or more parties have reached. MOUs communicate the mutually accepted expectations of all of the parties involved in a negotiation. While not legally binding, the MOU signals that a binding contract is imminent

Explanation:

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